PETALING JAYA: WCT Holdings Bhd’s unit has proposed to acquire four pieces of vacant freehold land in Serendah, Selangor, for a total purchase consideration of RM115.38mil that would be satisfied entirely in cash via internally-generated funds.
In an announcement to Bursa Malaysia yesterday, the construction and property development outfit said it had entered into a conditional sale and purchase agreement (SPA) with Matad Sdn Bhd for the proposed acquisition via Jubilant Courtyard Sdn Bhd, a wholly-owned subsidiary of WCT Land Sdn Bhd, which in turn is a wholly-owned subsidiary of WCT.